MACROECONOMICS+ACHIEVE 1-TERM AC (LL)
10th Edition
ISBN: 9781319467203
Author: Mankiw
Publisher: MAC HIGHER
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Question
Chapter 9, Problem 7PA
(a)
To determine
The production function in terms of output per effective worker and capital per effective worker.
(b)
To determine
The break-even investment.
(c)
To determine
The equation for the motion of capital.
(d)
To determine
The steady-state growth rate of output per worker.
(e)
To determine
The impact of increase in labor force in the university.
(f)
To determine
Analyze the impact of increase in labor force in the university.
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subject to X1
X2
Maximize dollars of interest earned = 0.07X1+0.11X2+0.19X3+0.15X4
≤ 1,000,000
<2,500,000
X3
≤ 1,500,000
X4
≤ 1,800,000
X3 +
XA
≥
0.55 (X1+X2+X3+X4)
X1
≥
0.15 (X1+X2+X3+X4)
X1
+ X2 X3 +
XA
<
5,000,000
X1, X2, X3, X4 ≥
0
not use ai
Chapter 9 Solutions
MACROECONOMICS+ACHIEVE 1-TERM AC (LL)
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